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URL: https://boards.fool.com/that-was-part-of-my-point-the-insurance-company-31006440.aspx
Subject: Re: health care	Date: 12/5/2013 9:04 AM
Author: Hawkwin	Number: 1913240 of 2381069
That was part of my point, the insurance company was able to carry our account with only a 3% fee. Do you not understand that profit and administrative fees are not the same amount? A business can generate profits in excess, or in addition to their administrative fees. If your direct costs are $100 and your admin fees are 3%, then your total costs are $103. Profit is generally added on top of that. Here is an easy calculation for you on it. http://mathcentral.uregina.ca/QQ/database/QQ.09.10/h/brian2.... Don't assume the insurance company only booked 3% in profit simply because their admin fee was only 3%.
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